Unless we as a society address its shortcomings, we will only be leaping from the frying pan into the fire: i.e., we would be left with another hurdle in India’s already slow-moving justice system. Tribunals were established to handle exclusive matters requiring specialized knowledge. The rationale was clear: quicker resolution, expert adjudication and a reduced…
Photo used for representation purpose only. | Photo Credit: Reuters Appellate tribunal NCLAT has directed NCLT to decide within a week over BCCI’s plea for settlement and withdrawal of insolvency matter against ed-tech firm Byju’s. A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain on Friday directed the National Company Law Tribunal (NCLT)…
Compared to its earlier policy of 2016, the 2021 policy expanded the scope of the user data that was being collected and shared with other Meta group companies such as Facebook and Instagram. The CCI noted that personal data of WhatsApp’s users was being commercialized by Meta for purposes unrelated to the primary function of…
Mumbai: The insolvency proceedings of Lavasa Corp. has taken a U-turn after the Mumbai bench of the National Company Law Tribunal dismissed the resolution application of Darwin Platform Infrastructure Ltd for the acquisition of the hill station city. The tribunal has further allowed creditors to restore the insolvency process to sustain it as a going…
The National Company Law Appellate Tribunal (NCLAT), Chennai on Friday (September 6, 2024) ordered status quo to be maintained as on date in the matter of Corporate Insolvency Resolution Process of Coastal Energen Private Limited, based on an appeal filed against the approval of a ₹3,335.52 crore (excluding resolution process cost) resolution plan submitted by Dickey Alternative Investment Trust and…
